Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.98% | +0.07 | 0.91% |
| Return on Equity (%) | ▲ | 10.85% | +0.41 | 10.44% |
| Net Interest Margin (%) | ▲ | 3.79% | +0.25 | 3.53% |
| Efficiency Ratio (%) | ▲ | 68.58% | -1.30 | 69.88% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.31 | $3 |
| Cost of Funds (%) | ▲ | 1.58% | -0.13 | 1.71% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $833 | +41.76 | $791 |
| Gross Loans ($M) | ▲ | $562 | +19.99 | $542 |
| Loan Growth YoY (%) | ▼ | 73.57% | -1.17 | 74.74% |
| Total Deposits ($M) | ▲ | $754 | +37.98 | $716 |
| Shareholders Equity ($M) | ▲ | $75 | +3.96 | $71 |
| Tang. Book Value ($M) | ▲ | $75 | +3.97 | $71 |
| TBV excl. AOCI ($M)** | ▲ | $81 | +4.68 | $76 |
| Loan / Deposit Ratio (%) | ▼ | 73.57% | -1.17 | 74.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.21 | 0.41% |
| Allowance / Loans (%) | — | 1.31% | 0.03% | 1.29% |
| Net Charge-Off Ratio (%) | ▲ | 0.30% | -0.31 | 0.60% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -13.12 | 13.12% |
Noninterest income ($1.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇██ | Net Interest Margin (%) | 3.37% | 3.40% | 3.42% | 3.53% | 3.64% | 3.70% | 3.74% | 3.79% |
| ▁▁▂▇▇▇██ | Return on Assets (%) | 0.65% | 0.66% | 0.69% | 0.91% | 0.94% | 0.94% | 0.99% | 0.98% |
| ██▇▂▁▂▁▁ | Efficiency Ratio (%) | 77.8% | 77.6% | 76.1% | 69.9% | 69.7% | 70.0% | 69.0% | 68.6% |
| ▃▇▆▇██▅▁ | Cost of Funds (%) | 1.64% | 1.72% | 1.70% | 1.71% | 1.75% | 1.75% | 1.69% | 1.58% |
| ██▆▆▇▁▄▁ | NPA / Assets (%) | 0.51% | 0.47% | 0.41% | 0.41% | 0.45% | 0.19% | 0.31% | 0.20% |
| █▇▆▆▇▁▄▁ | Net Charge-Off Ratio (%) | 0.74% | 0.66% | 0.61% | 0.60% | 0.63% | 0.26% | 0.45% | 0.30% |
| ▁▃▃▅▄▇██ | Tang. Book Value ($M) | $65 | $68 | $68 | $71 | $69 | $72 | $75 | $75 |
| ▁▄▅▆████ | Gross Loans ($M) | $504 | $532 | $535 | $542 | $560 | $564 | $563 | $562 |
| ▁▁▅▅▆▆▇█ | Total Deposits ($M) | $660 | $668 | $717 | $716 | $721 | $720 | $737 | $754 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 10% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 19% |